ether.fi has announced the launch of its own stablecoin, ether.fi USD, which will be pegged to the US dollar and integrated into all protocol products. Ethena will be responsible for issuing the stablecoin.

According to the protocol, ether.fi USD will be part of its entire product line, with the partner Ethena named as the issuer. The new asset is called ether.fi USD and is stated to be pegged to the US dollar.